Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Jackie Davalos reports on Big Tech’s “acqui-hire” strategy for artificial intelligence that is drawing scrutiny from regulators.

Meta is making its first major minority investment in an outside company as it tries to catch up to a growing field of artificial intelligence rivals.

As part of the deal, Scale AI’s CEO will take a top position inside Meta, leading a new “superintelligence” lab, according to the report.

Now, Meta is slated to launch a research lab devoted to building superintelligent AI, according to a report from The New York Times. Alexander Wang, the 28-year-old founder of Scale AI, a startup that helps companies build AI apps, which could receive a multibillion-dollar investment from Meta soon, will reportedly join the new lab.